首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Willie Huang, a certified financial planner with American Express Financial Advisors, Ink in Queen, New York, himself an immigra
Willie Huang, a certified financial planner with American Express Financial Advisors, Ink in Queen, New York, himself an immigra
admin
2010-01-10
97
问题
Willie Huang, a certified financial planner with American Express Financial Advisors, Ink in Queen, New York, himself an immigrant from Taiwan Province, regularly advises recent arrivals from Asia He says they often make the same mistakes. After evaluating the Tsang’ assets, Huang praised their knack for saving money. "Their ability to live within their means is excellent," he says, comparing them favorable with some of his native-born U.S. clients who are deep in credit-card debt. But Huang found several dangerous flaws in the family’s financial strategy. His advice:
Invest more aggressively. Huang asserts the couple needs to invest in the stock market, the only place where they can find the growth they need to be able to retire comfortably. He wants the Tsangs to put some of their money into growth-oriented mutual funds, but like many Asian immigrants, Eric has watched friends and family lose money on the Hong Kong SAR stock market. He prefers to bet his family’s future on real estate and restaurants over which he has more control. Huang reluctantly recommends certificates of. deposit, bank tome deposits that offer a much smaller return--around 5% vs. average long-term returns of double that for growth stock funds. His plan: Keep a third of the $18,000 of saving in a checking account as a cash reserve. Put the other $12,000 in bank CDs.
Get good health coverage. Eric has looked into competitive health care plans and found that for a family of four the monthly cost would be between $ 600 and $ 800--too much, he decided. Most new Asian immigrants don’t carry health insurance, notes Sher Sparano, president of benefits Advisory Service, Inc. in Queen, New York. Sparano suggests that Eric look into the New York State Health Insurance Partnership Plan for small business owners. This state plan subsidizes up to 45% of the cost of health care premiums of an employees or owner (and their families) of a participating small business. For a family of six (which Eric can claim because his parents are dependents), an applicants like Eric with no more than $ 47,708 in income would have to pay only $18,751 a month.
Purchase disability insurance. In the case of a catastrophic accident or illness, Eric would not qualify for federal social security disability payments since he has worked less than 10 years in the U. S. If permanently disabled, he would prove an unbearable drain on his family, which could not survive on Rebecca’s $ 8,400 salary. Huang advises the family to immediately look for a disability insurance policy for Eric is guaranteed renewable and non- cancelable. Price: 100 a month for coverage that would pay 1,500 a month in case Eric is disabled.
Replace your life insurance policy. Many Asian immigrants buy life insurance, but usually the wrong kind. "Eric’s policy needs to be restructured to better cover the family for about the same amount they’re now spending per month," advises Huang. Eric’s coverage should be raised to $ 350,000 because he is the primary breadwinner. The policy for the children should be scraped because they are a poor way to save.
Eric is still against stocks and is not convinced that CDs are a good idea, either. "I have a business to run," he says. "What if I need emergency money for the restaurant?" He is, however, very interested in disability insurance and the health insurance plan, particularly since the latter will cover his parents. As for the life insurance advice, he says he wants to study it a bit more before making a decision.
The Tsangs may come from ______.
选项
A、Taiwan Province
B、mainland of China
C、Hong Kong SAR
D、Singapore
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/rXKd777K
本试题收录于:
BEC高级阅读题库BEC商务英语分类
0
BEC高级阅读
BEC商务英语
相关试题推荐
Whendidthemanstartworkingatthiscompany?
A、 B、 C、 D、 C图中描绘的是室外活动的场景,因此要多加留意人们的动作以及服饰。(A)桌上摆放着杯子,但是并没有人拿着杯子喝水。(B)注意不要一听到“坐着(besitting)”就认为此项是正确答案
Isadvertisingimportantornot?Whatfactorsmustonetakeintoaccountwhendevelopingadvertisingstrategy?
Doyouworkmoreeffectivelyatcertaintimesoftheday?(Doyouworkbetteratdifferenttimesoftheday?)
TaskOne-Methodofadvertising•Forquestions13-17,matchtheextractswiththemethodsofadvertising,listedA-H.•Forea
TaskOne-Methodofadvertising•Forquestions13-17,matchtheextractswiththemethodsofadvertising,listedA-H.•Forea
TaskTwo—OpinionForquestions18-22,matchtheextractswiththeopinionspeopleexpress,listedA-H.Foreachextrac
Eddiewasacarpetfitter,andhehatedit.【C1】______tenyearshehadspenthisdayssitting,squatting,kneeling【C2】_____
Eddiewasacarpetfitter,andhehatedit.【C1】______tenyearshehadspenthisdayssitting,squatting,kneeling【C2】_____
Eddiewasacarpetfitter,andhehatedit.【C1】______tenyearshehadspenthisdayssitting,squatting,kneeling【C2】_____
随机试题
Foranyonewhodoubtsthatthetextingrevolutionisuponus,considerthis:Theaverage13-to17-year-oldsendsandreceives3
A.肾素B.羧基肽酶C.转换酶D.血管紧张素酶A能使血管紧张素I转变为血管紧张素Ⅱ的是
青壮年腰痛最常见的原因是
关于特异性细胞免疫应答的叙述,下列哪项是错误的
某热力发电厂主要生产工艺单元有:储煤场、煤粉制备系统和输煤系统,燃烧系统,冷凝水系统,循环水系统,除渣及除尘、脱硫系统,汽水系统,配电与送电系统。锅炉主要设备有:锅炉、汽轮机、发电机、磨煤机械装置、水处理装置、疏水装置,发电厂用燃煤由主煤场滚轴筛送入燃煤锅
财政部制定的《会计核算软件基本功能规范》是对会计软件的()要求。
根据席位使用的业务种类不同,交易席位可分为代理席位和自营席位。()
教学中的双边关系指的是()。
某单位计划在一间长15米、宽8米的会议室中间铺一块地毯.地毯面积占会议室面积的一半,若四周未铺地毯的留空宽度相同,则地毯的宽度为()。
最先提出星云假说的是()。
最新回复
(
0
)